Developer Eco2 has sold its Port Clarence biomass project to Glennmont Partners for £160 million. The 40MW project began life two years ago and was jointly developed by Eco2 Ltd and Temporis Capital LLP.

Renewable energy technologies are “no longer outliers” in levelised cost of energy (Lcoe), when the costs of electricity generation options are compared, according to a new report from the International Energy Agency (IEA).

Plans to close the Renewables Obligation (RO) to wind projects in April 2016 will save the bill payer “hundreds of millions of pounds”, said secretary of state Amber Rudd when she announced the closure in June.